Preservation of Existence and Similar Matters. The Borrower will, and will cause each of its Subsidiaries to: (a) preserve and maintain (i) its existence, and (ii) its material rights, franchises, licenses and privileges in the state of its incorporation, including, without limiting the foregoing, the Licenses and all other Necessary Authorizations; and (b) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization.
Appears in 3 contracts
Samples: Loan Agreement (Rural Cellular Corp), Loan Agreement (Rural Cellular Corp), Loan Agreement (Rural Cellular Corp)
Preservation of Existence and Similar Matters. The Borrower will, and will cause each of its Subsidiaries to:
(ai) preserve and maintain (i) its existence, and (ii) its material rights, franchises, licenses and privileges in the state of its incorporation, including, without limiting the foregoing, the Licenses and all other Necessary Authorizations; and
(bii) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization.
Appears in 2 contracts
Samples: Loan Agreement (Vanguard Cellular Systems Inc), Loan Agreement (Vanguard Cellular Systems Inc)
Preservation of Existence and Similar Matters. The Each Borrower will, and will cause each of its Subsidiaries to:
, (ai) except as provided in Section 7.7 hereof, preserve and maintain (i) its existence, and (ii) its material rights, franchises, licenses licenses, and privileges in the state its jurisdiction of its incorporation, including, without limiting the foregoinglimitation, the Licenses all Necessary Authorizations material to its business, and all other Necessary Authorizations; and
(bii) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its their respective business requires such qualification or authorization.
Appears in 2 contracts
Samples: Credit Agreement (Bull Run Corp), Credit Agreement (Bull Run Corp)
Preservation of Existence and Similar Matters. The Borrower will, and will cause each of its Subsidiaries to:
(a) preserve and maintain (i) its existence, and (ii) its material rights, franchises, licenses and privileges in the state of its incorporation, including, without limiting the foregoing, the Licenses and all other Necessary Authorizations; and
(b) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization.
Appears in 2 contracts
Samples: Loan Agreement (Rural Cellular Corp), Loan Agreement (Rural Cellular Corp)
Preservation of Existence and Similar Matters. The Borrower will, and will cause each of its Subsidiaries to:
(a) preserve and maintain (i) its existence, and (ii) its material rights, franchises, licenses and privileges in the state of its incorporationorganization and in each other state in which it operates the System, including, without limiting the foregoinglimitation, the Licenses Licenses, all IOAs (in accordance with their respective terms) and all other Necessary Authorizations; and
(b) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires makes such qualification or authorizationauthorization necessary or prudent.
Appears in 2 contracts
Samples: Loan Agreement (Cellnet Data Systems Inc), Loan Agreement (Cellnet Data Systems Inc)
Preservation of Existence and Similar Matters. The Each Borrower will, and will cause each of its Subsidiaries to:
, (ai) preserve and maintain (i) its existence, and (ii) its material rights, franchises, licenses licenses, and privileges in the state its jurisdiction of its incorporation, including, without limiting the foregoinglimitation, the Licenses all Necessary Authorizations material to its business, and all other Necessary Authorizations; and
(bii) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its their respective business requires such qualification or authorization.
Appears in 2 contracts
Samples: Credit Agreement (Bull Run Corp), Credit Agreement (Bull Run Corp)
Preservation of Existence and Similar Matters. The Borrower will, and will cause each of its Subsidiaries to:
(a) preserve and maintain (i) its existence, and (ii) its material rights, franchises, licenses and privileges in the state jurisdiction of its incorporation, including, without limiting the foregoing, the Licenses and all other Necessary Authorizations; and
(b) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization.
Appears in 2 contracts
Samples: Loan Agreement (Paging Network Inc), Loan Agreement (Paging Network Inc)
Preservation of Existence and Similar Matters. The Borrower will, and will cause each of its Subsidiaries to:
, (a) preserve and maintain (i) its existence, and (ii) its material rights, franchises, licenses licenses, and privileges in the state its jurisdiction of its incorporation, incorporation including, without limiting the foregoinglimitation, the Licenses all Necessary Authorizations and all other Necessary Authorizations; and
(b) qualify and remain qualified and authorized to do business in each jurisdiction in which which, given the character of its properties or the nature of its business requires such qualification businesses, the failure to so qualify or authorizationbe authorized would have a Materially Adverse Effect.
Appears in 1 contract
Samples: Loan Agreement (Metrotrans Corp)
Preservation of Existence and Similar Matters. The Borrower will, and will cause each of its the Borrower's Subsidiaries to:
(aother than the Immaterial Subsidiaries) to (i) preserve and maintain (i) their respective existence, rights, franchises, licenses, and privileges in their respective jurisdiction of incorporation including, without limitation, all Necessary Authorizations material to its existencebusiness, and (ii) its material rights, franchises, licenses and privileges in the state of its incorporation, including, without limiting the foregoing, the Licenses and all other Necessary Authorizations; and
(b) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its their respective properties or the nature of its their respective business requires such qualification or authorization.
Appears in 1 contract
Preservation of Existence and Similar Matters. The Borrower will, and will cause each of its Subsidiaries to:
(a) except as otherwise permitted by this Agreement, preserve and maintain (i) its existence, and (ii) its material rights, franchises, licenses and privileges in the state of its incorporationincorporation or organization, including, without limiting the foregoing, the Licenses and all other Necessary Authorizations; and
(b) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization.
Appears in 1 contract